Anyone Using C**linco Insurance For Their Vehicle?

[Saturn]

Went to renew my insurance the other day.. then kinda realized that the company isnt doing well in the news. I was wondering if others here are using that company or have switched to others?

[fuzzo]

they claim that the insurance arm is not in trouble like the rest of the group. lets see how it goes. i have a claim pending with them. just hope they pay up

[xXx]

Saturn, C**linco Insurance is the most profitable organization in the C**linco group. even if they are to go down there will be plenty of buyers lining up to snatch the company. i doubt you have anything to fear.

SLIC on the other hand is worth keeping an eye on.

[xXx]

oh fuzzo beat me to it by 4 minutes

[fuzzo]

'According to the court ruling, Distilleries should return its stake in SL I******* Corp. to the government treasury with immediate effect for a value of 6 billion rupees, which would be paid in the form of treasury bills, analysts said.'

http://www.reuters.com/article/rbssIndustr...L38731920090604

wonder if the distilleries purchase will be annulled next..

[MasterDon]

we've been with SLI forever,with the business and personal vehicles,never been dissapointed...never really went with the hype surrounding c******o...

but i did make the mistake of trusting their subsidiary "the finance"...now they only let me withdraw 5000rs per month,it's really bogging down all my plans for the future

[xXx]

'According to the court ruling, Distilleries should return its stake in SL I******* Corp. to the government treasury with immediate effect for a value of 6 billion rupees, which would be paid in the form of treasury bills, analysts said.'

http://www.reuters.com/article/rbssIndustr...L38731920090604

wonder if the distilleries purchase will be annulled next..

this is the exact reason for my previous comment regarding SLIC. lets face it this administration doesn't have much of a reputation for running profitable organizations/departments. didn't want to jump my gun and make predictions but let's see how things will progress. that brings me the question can the treasury afford such a large payment???

as much as i like to see these crooked businessmen get punished for robbing public money my view is this is not the right way of handling things of this nature. instead of forcing them to return the business entities to the government (whom thereafter miserably fails to upkeep the standards of the previous owner) what should happen is to force them to pay some sort of a compensation or a fine to the treasury to offset any loss government made during the initial transaction.

current trend of transferring the ownership does no good to neither the public, the government nor the business community. worst of all this gives out a bad vibe to future investors/entrepreneurs. which is something we can't afford to loose.

i really hope the new CJ will think twice when taking up Vasu's next FRP.

[xXx]

looks like Vasu is not done yet...

Sri Lanka activist targets 40 privatizations

http://lbo.lk/fullstory.php?nid=5790536

wonder why no one is gunning down for a committee to investigate the VAT scam or Mihinair or Helping Hambanthota or Attacks on Media or the HR violations etc...

[Ripper]

this is the exact reason for my previous comment regarding SLIC. lets face it this administration doesn't have much of a reputation for running profitable organizations/departments. didn't want to jump my gun and make predictions but let's see how things will progress. that brings me the question can the treasury afford such a large payment???

as much as i like to see these crooked businessmen get punished for robbing public money my view is this is not the right way of handling things of this nature. instead of forcing them to return the business entities to the government (whom thereafter miserably fails to upkeep the standards of the previous owner) what should happen is to force them to pay some sort of a compensation or a fine to the treasury to offset any loss government made during the initial transaction.

current trend of transferring the ownership does no good to neither the public, the government nor the business community. worst of all this gives out a bad vibe to future investors/entrepreneurs. which is something we can't afford to loose.

i really hope the new CJ will think twice when taking up Vasu's next FRP.

i too agree with this view!

government will most probably take SLIC down to the old days...

Renewed my motor policy with them a couple of months ago since they have been quite efficient in the past.... but i have serious doubts about the future under government control

[GuruG]

They paid me the full ammount without any hassle, even after I report the accident the day after, without any police reports or any details of the other vehicles involved.